Company law - divestment from subsidiary company

Querist : Anonymous (Querist) 30 September 2011 This query is : Open
B is 100% wholly-owned subsidiary Co. of A. now A has decided to divest from its subsidiary Co.

Mr. X, holds 1 share in Company B for benefit of co A to full fill the minimum requirement of members in private Co.

earlier Mr. X has given declaration u/s 187C and Co has intimated same to the ROC.

Now as Co A is divest from Co B and also there will be no beneficial owner of any share, what form and formalities has to be complied?

Regards,

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